NRG Energy, Inc. (NYSE:NRG) Receives $134.25 Consensus PT from Analysts

NRG Energy, Inc. (NYSE:NRG) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $140.75.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of NRG Energy from $113.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Guggenheim lifted their target price on shares of NRG Energy from $138.00 to $173.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Morgan Stanley upped their price target on shares of NRG Energy from $86.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Evercore ISI raised shares of NRG Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $74.00 to $126.00 in a research note on Tuesday, January 21st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $167.00 price objective (up from $115.00) on shares of NRG Energy in a research note on Wednesday, May 14th.

Institutional Investors Weigh In On NRG Energy

Large investors have recently made changes to their positions in the stock. Horizon Investments LLC boosted its stake in NRG Energy by 3.0% during the first quarter. Horizon Investments LLC now owns 2,908 shares of the utilities provider’s stock worth $276,000 after buying an additional 86 shares during the last quarter. Mather Group LLC. raised its holdings in shares of NRG Energy by 12.1% during the 1st quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 97 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of NRG Energy by 13.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 904 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 104 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of NRG Energy by 8.7% in the first quarter. Private Trust Co. NA now owns 1,482 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 119 shares during the period. Finally, Schechter Investment Advisors LLC increased its position in NRG Energy by 0.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 15,916 shares of the utilities provider’s stock worth $1,436,000 after purchasing an additional 120 shares during the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NRG Energy Trading Down 1.0%

NRG stock opened at $159.63 on Wednesday. NRG Energy has a 52-week low of $65.11 and a 52-week high of $161.78. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 5.57. The firm has a market cap of $31.21 billion, a P/E ratio of 40.11, a PEG ratio of 1.01 and a beta of 1.00. The company’s 50-day simple moving average is $108.67 and its 200-day simple moving average is $102.07.

NRG Energy (NYSE:NRG) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $1.90. NRG Energy had a return on equity of 48.96% and a net margin of 3.43%. The company had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.28 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. NRG Energy’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts forecast that NRG Energy will post 6.36 EPS for the current fiscal year.

NRG Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.44 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.76 dividend on an annualized basis and a yield of 1.10%. NRG Energy’s payout ratio is 28.39%.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.